Tencent, a leading Chinese technology company, has reportedly secured a majority stake in Kuro Games, the developer behind the popular games Wuthering Waves and Punishing: Gray Raven. Let's explore the implications of this acquisition.
Tencent's Majority Stake in Kuro Games
Tencent Now Holds Controlling Interest
Tencent's shareholding in Kuro Games has increased to approximately 51.4%, following the acquisition of an additional 37% stake. This, coupled with the departure of other shareholders, grants Tencent controlling ownership and makes it the sole external investor in Kuro Games. This follows an initial investment by Tencent in Kuro Games in 2023.
Assurances of Independence for Kuro Games
According to reports from Chinese news outlet Youxi Putao, Kuro Games will maintain its operational independence despite Tencent's majority stake. This mirrors Tencent's approach with other successful game studios like Riot Games (League of Legends, Valorant) and Supercell (Clash of Clans, Brawl Stars). Kuro Games' official statement emphasizes that this acquisition will foster a "more stable external environment" and support its long-term independent strategy. Tencent has yet to release an official statement.
Kuro Games' Success and Future Outlook
Kuro Games is a prominent Chinese game developer renowned for its action RPG, Punishing: Gray Raven, and the recently released open-world adventure RPG, Wuthering Waves. Both titles have achieved significant commercial success, each generating over $120 million USD in revenue and continuing to receive regular updates. Wuthering Waves' recognition extends to a Players' Voice nomination at The Game Awards.
